Question
ill sells kitchenware at house parties. She purchased her SUV on July 14, 2019, for $37,500. ill immediately began using it for her business. (She
ill sells kitchenware at house parties. She purchased her SUV on July 14, 2019, for $37,500. ill immediately began using it for her business. (She did not claim special (bonus) or 179 depreciation.) She keeps a specific mileage log for her business use. Her mileage records for 2020 indicate that she drove her SUV a total of 14,707 miles, with 6,155 miles of this being for her business. The total cost of all her operating, repair, and insurance expenses for 2020 was $3,150. Jill also has receipts for $150 in parking charges while on business. What amount can Jill deduct using the standard mileage rate on her 2020 tax return?
A)$3,150
B)$3,300
C)$3,539
D)$3,689
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